MWA Price Prediction Next Week
Prediction and Recommendation for MWA Stock
Based on the analysis of insider trading activity, institutional investor movements, and technical indicators, here is the prediction and recommendation for MWA stock:
Insider Trading Activity:
- Recent insider sales by directors, including Christine Ortiz, Shirley C. Franklin, and Brian Slobodow, indicate a bearish sentiment among insiders. These sales represent a significant portion of their holdings, suggesting a lack of confidence in the stock's short-term performance.
Institutional Investor Movements:
- Mixed sentiment among institutional investors, with 162 increasing their positions and 186 decreasing, indicates uncertainty in the market regarding MWA's future prospects.
Technical Indicators:
- The Relative Strength Index (RSI) for MWA is currently at 54.28, indicating a neutral position, neither overbought nor oversold.
- The MACD is slightly positive, suggesting some upward momentum, but the overall trend remains uncertain.
Price Prediction:
- Based on the current technical indicators and insider activity, the stock is expected to trade in a range with a slight bearish bias. The predicted price for the next trading week is $26.50.
Recommendation:
- Sell: Given the insider selling activity and mixed institutional sentiment, it is recommended to sell MWA stock at the current price level to avoid potential losses.
MWA Similar Chart Price Prediction
The price of MWA is predicted to go up -12.66%, based on the high correlation periods with FPH. The similarity of these two price pattern on the periods is 94.5%.
MWA
FPH
Down: -12.66%Similarity: 94.5%
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MWA Analyst's Forecast
Bryan Blair
Oppenheimer
Buy
2024-11-08
Price Target
$26 → $27
Upside
+5.14%
Oppenheimer analyst Bryan Blair raised the firm's price target on Mueller Water to $27 from $26 and keeps an Outperform rating on the shares following a Q4 earnings report that included EBITDA of $73M, which was "solidly ahead" of the firm's and consensus estimates. Oppenheimer sees the company's Q2-Q4 performance as clear evidence of Mueller's reset operating trajectory, and remains "confident in forward outgrowth opportunities."
